[Fuss Free] [Application Process]
I opened the account on my laptop via my singpass and the bank account was opened immediately without having to wait. There was no fuss and i opened the account without any issues. There is a complimentary debit card that would be sent to you as well in a matter of days (got mine within a week). I also received free x2 $10 Grab vouchers in my email a few minutes after the signup, which was a nice touch.
[Terms and Conditions] [Interest]
There was no minimum amount needed to be parked in the account, but 2% interested P.A is applicable for the first $20K in bank. This is a good bank for students or those who just need somewhere to keep emergency funds as the interest is noticeable in the long run. For example, I have around $3,600 in my bank. I will be seeing interest earned at $4 per month or $72 P.A! This is a jump from my DBS savings account, which i had ever since i was young. The interest rate is also higher as compared to CIMB bank, which is at 1% interest when i joined.
It has an easy-to-use interface and not complicated to learn to use, which is a huge jump from the CIMB online banking (it was just horrible).
This would be a bit of a hassle for people as Standard Chartered does not have any ATMS or outlets islandwide. But I really didn't mind this as it was used as a savings account and I have no intention of withdrawing money out.
I had an issue with the online banking login credentials so I had to go down and visit the bank personally. It was frustrating as the bank closed at 5PM and I did not expect them to close early. However, I went back down again and the customer service I received there was top notch as the agent that served me was really nice and made me feel comfortable throughout the entire consultation.